Specification of Required Subordinated Amount and Other Terms Sample Clauses

Specification of Required Subordinated Amount and Other Terms. (a) For the Class A(2002-11) Notes for any date of determination, the Class A Required Subordinated Amount of Class B Notes will be an amount equal to 8.82353% of (i) the Adjusted Outstanding Dollar Principal Amount of the Class A(2002-11) Notes on such date or (ii) if an Early Redemption Event with respect to the Class A(2002-11) Notes shall have occurred, if an Event of Default and acceleration of the Class A(2002-11) Notes shall have occurred or if the Class A Usage of the Class B Required Subordinated Amount for such tranche of Class A Notes is greater than zero, the Adjusted Outstanding Dollar Principal Amount of the Class A(2002-11) Notes as of close of business on the day immediately preceding the occurrence of such Early Redemption Event, such Event of Default and acceleration or the date on which the Class A Usage of Class B Required Subordinated Amount exceeded zero. (b) For the Class A(2002-11) Notes for any date of determination, the Class A Required Subordinated Amount of Class C Notes will be an amount equal to 8.82353% of (i) the Adjusted Outstanding Dollar Principal Amount of the Class A(2002-11) Notes on such date or (ii) if an Early Redemption Event with respect to the Class A(2002-11) Notes shall have occurred, if an Event of Default and acceleration of the Class A(2002-11) Notes shall have occurred or if the Class A Usage of the Class C Required Subordinated Amount for such tranche of Class A Notes is greater than zero, the Adjusted Outstanding Dollar Principal Amount of the Class A(2002-11) Notes as of close of business on the day immediately preceding the occurrence of such Early Redemption Event, such Event of Default and acceleration or the date on which the Class A Usage of Class C Required Subordinated Amount exceeded zero. (c) The Issuer may change the percentages set forth in clause (a) or (b) above without the consent of any Noteholder so long as the Issuer has (i) received written confirmation from each Note Rating Agency that has rated any Outstanding Notes of the MBNAseries that the change in either of such percentages will not result in a Ratings Effect with respect to any Outstanding Class A(2002-11) Notes and (ii) delivered to the Indenture Trustee and the Note Rating Agencies a Master Trust Tax Opinion and an Issuer Tax Opinion. Section 2.03.
Sample 1See All (26)
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Specification of Required Subordinated Amount and Other Terms. (a) For the Class A(2002-2) Notes for any date of determination, the Class A Required Subordinated Amount of Class B Notes will be an amount equal to 8.47953% of (i) prior to the occurrence of a Class A(2002-2) Adverse Event, the Adjusted Outstanding Dollar Principal Amount of the Class A(2002-2) Notes on such date of determination or (ii) on and after the date on which a Class A(2002-2) Adverse Event shall have occurred, the greater of (1) the Adjusted Outstanding Dollar Principal Amount of the Class A(2002-2) Notes on such date of determination and (2) the Adjusted Outstanding Dollar Principal Amount of the Class A(2002-2) Notes as of the close of business on the day immediately preceding the date on which such Class A(2002-2) Adverse Event shall have occurred.
Sample 1See All (26)
Specification of Required Subordinated Amount and Other Terms. For the Class B(2003-1) Notes, for any date of determination, the Class B Required Subordinated Amount of Class C Notes will be an amount equal to:
Sample 1See All (9)
Specification of Required Subordinated Amount and Other Terms. (a) For the Class A(200_-_) Notes for any date of determination, the Class A Required Subordinated Amount of Class B Notes will be an amount equal to [ ]% of (i) prior to the occurrence of a Class A(200_-_) Adverse Event, the Adjusted Outstanding Dollar Principal Amount of the Class A(200_-_) Notes on such date of determination or (ii) on and after the date on which a Class A(200_-_) Adverse Event shall have occurred, the greater of (1) the Adjusted Outstanding Dollar Principal Amount of the Class A(200_-_) Notes on such date of determination and (2) the Adjusted Outstanding Dollar Principal Amount of the Class A(200_-_) Notes as of the close of business on the day immediately preceding the date on which such Class A(200_-_) Adverse Event shall have occurred.
Sample 1
Specification of Required Subordinated Amount and Other Terms with Respect to each Series, Class or Tranche of Notes
Sample 1
Specification of Required Subordinated Amount and Other Terms. (a) Notwithstanding any provision of Section 2.03 of the Indenture Supplement to the contrary, on any date of determination, the available subordinated amount of Class C Notes for the Class B(2002-1) Notes shall be at least equal to the Class B Required Subordinated Amount of Class C Notes for the Class B(2002-1) Notes. For purposes of this clause, the available subordinated amount of Class C Notes for the Class B(2002-1) Notes as of any date means the sum of the following, after giving effect to any issuances, deposits, allocations, reallocations or payments to be made on that date: (i) the aggregate Nominal Liquidation Amount of all tranches of Class C Notes which are Outstanding on that date; minus
Sample 1
Specification of Required Subordinated Amount and Other Terms. (a) [For the Class [__](200[_]-[_]) Notes for any date of determination, the Class [__] Required Subordinated Amount of Class [__] Notes will be an amount equal to [___]% of (i) prior to the occurrence of a Class [__](200[_]-[_]) Adverse Event, the Adjusted Outstanding Dollar Principal Amount of the Class [__](200[_]-[_]) Notes on such date of determination or (ii) on and after the date on which a Class [__](200[_]-[_]) Adverse Event shall have occurred, the greater of (1) the Adjusted Outstanding Dollar Principal Amount of the Class [__](200[_]-[_]) Notes on such date of determination and (2) the Adjusted Outstanding Dollar Principal Amount of the Class [__](200[_]-[_]) Notes as of the close of business on the day immediately preceding the date on which such Class [__](200[_]-[_]) Adverse Event shall have occurred.]
Sample 1
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Specification of Required Subordinated Amount and Other Terms. (a) For the Class A(2008-4) Notes for any date of determination, the Class A Required Subordinated Amount of Class B Notes will be an amount equal to 8.72093% of (i) the Adjusted Outstanding Dollar Principal Amount of the Class A(2008-4) Notes on such date or (ii) if an Early Redemption Event with respect to the Class A(2008-4) Notes shall have occurred, if an Event of Default and acceleration of the Class A(2008-4) Notes shall have occurred or if the Class A Usage of the Class B Required Subordinated Amount for such tranche of Class A Notes is greater than zero, the Adjusted Outstanding Dollar Principal Amount of the Class A(2008-4) Notes as of close of business on the day immediately preceding the occurrence of such Early Redemption Event, such Event of Default and acceleration or the date on which the Class A Usage of Class B Required Subordinated Amount exceeded zero.
Sample 1

Related to Specification of Required Subordinated Amount and Other Terms

  • Guarantees, Loans, Advances and Other Liabilities Except as contemplated by this Indenture or the Basic Documents, the Issuer shall not make any loan or advance or credit to, or guarantee (directly or indirectly or by an instrument having the effect of assuring another's payment or performance on any obligation or capability of so doing or otherwise), endorse or otherwise become contingently liable, directly or indirectly, in connection with the obligations, stocks or dividends of, or own, purchase, repurchase or acquire (or agree contingently to do so) any stock, obligations, assets or securities of, or any other interest in, or make any capital contribution to, any other Person.

  • Definitions and Other Terms The following capitalized terms shall have those meanings set forth opposite them:

  • Notice and Other Indemnification Procedures (a) Promptly after receipt by the Indemnitee of notice of the commencement of or the threat of commencement of any proceeding, the Indemnitee shall, if the Indemnitee believes that indemnification with respect thereto may be sought from the Company under this Agreement, notify the Company of the commencement or threat of commencement thereof.

  • Notifications and Other Indemnification Procedures Promptly after receipt by an indemnified party under this Section 8 of notice of the commencement of any action, such indemnified party will, if a claim in respect thereof is to be made against an indemnifying party under this Section 8, notify the indemnifying party in writing of the commencement thereof, but the omission to so notify the indemnifying party will not relieve the indemnifying party from any liability which it may have to any indemnified party to the extent the indemnifying party is not materially prejudiced as a proximate result of such failure and shall not in any event relieve the indemnifying party from any liability that it may have otherwise than on account of this indemnity agreement. In case any such action is brought against any indemnified party and such indemnified party seeks or intends to seek indemnity from an indemnifying party, the indemnifying party will be entitled to participate in, and, to the extent that it shall elect, jointly with all other indemnifying parties similarly notified, by written notice delivered to the indemnified party promptly after receiving the aforesaid notice from such indemnified party, to assume the defense thereof with counsel reasonably satisfactory to such indemnified party; provided, however, that if the defendants in any such action include both the indemnified party and the indemnifying party and the indemnified party shall have reasonably concluded that a conflict may arise between the positions of the indemnifying party and the indemnified party in conducting the defense of any such action or that there may be legal defenses available to it and/or other indemnified parties which are different from or additional to those available to the indemnifying party, the indemnified party or parties shall have the right to select separate counsel to assume such legal defenses and to otherwise participate in the defense of such action on behalf of such indemnified party or parties. Upon receipt of notice from the indemnifying party to such indemnified party of such indemnifying party’s election so to assume the defense of such action and approval by the indemnified party of counsel, the indemnifying party will not be liable to such indemnified party under this Section 8 for any legal or other expenses subsequently incurred by such indemnified party in connection with the defense thereof unless (i) the indemnified party shall have employed separate counsel in accordance with the proviso to the preceding sentence (it being understood, however, that the indemnifying party shall not be liable for the fees and expenses of more than one separate counsel (together with local counsel), representing the indemnified parties who are parties to such action), which counsel (together with any local counsel) for the indemnified parties shall be selected by the Representative (in the case of counsel for the indemnified parties referred to in Section 8(a) above) or by the Company (in the case of counsel for the indemnified parties referred to in Section 8(b) above) or (ii) the indemnifying party shall not have employed counsel satisfactory to the indemnified party to represent the indemnified party within a reasonable time after notice of commencement of the action or (iii) the indemnifying party has authorized in writing the employment of counsel for the indemnified party at the expense of the indemnifying party, in each of which cases the fees and expenses of counsel shall be at the expense of the indemnifying party and shall be paid as they are incurred.

  • Indemnification Obligations Net of Insurance Proceeds and Other Amounts (a) The Parties intend that any Liability subject to indemnification, contribution or reimbursement pursuant to this Article IV or Article V will be net of Insurance Proceeds or other amounts actually recovered (net of any out-of-pocket costs or expenses incurred in the collection thereof) from any Person by or on behalf of the Indemnitee in respect of any indemnifiable Liability. Accordingly, the amount which either Party (an “Indemnifying Party”) is required to pay to any Person entitled to indemnification or contribution hereunder (an “Indemnitee”) will be reduced by any Insurance Proceeds or other amounts actually recovered (net of any out-of-pocket costs or expenses incurred in the collection thereof) from any Person by or on behalf of the Indemnitee in respect of the related Liability. If an Indemnitee receives a payment (an “Indemnity Payment”) required by this Agreement from an Indemnifying Party in respect of any Liability and subsequently receives Insurance Proceeds or any other amounts in respect of such Liability, then within ten (10) calendar days of receipt of such Insurance Proceeds, the Indemnitee will pay to the Indemnifying Party an amount equal to the excess of the Indemnity Payment received over the amount of the Indemnity Payment that would have been due if the Insurance Proceeds or such other amounts (net of any out-of-pocket costs or expenses incurred in the collection thereof) had been received, realized or recovered before the Indemnity Payment was made.

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